Washington is abuzz with reform at the moment. President Trump and members of the Republican House and Senate are taking on the arduous task of trying to repeal and replace the Affordable Care Act, the hallmark legislation of former President Barack Obama, as well as completely reforming the individual and corporate tax code. It's no easy task, and it's taking up a lot of time for lawmakers on Capitol Hill.

However, there's a far bigger problem on the minds of our nation's seniors: What's going to happen with Social Security?

Social Security has issues, and Congress has yet to offer a solution

According to the Social Security Board of Trustees, the program that a majority of seniors lean on to supply at least half of their monthly retirement income is expected to completely exhaust its more than $2.8 trillion in spare cash by the year 2034. As baby boomers continue exiting the workforce and the worker-to-beneficiary ratio falls, a greater strain is expected to be placed on Social Security. Should this spare cash run out, the trustees estimate that a benefits cut of up to 21% may be needed on an across-the-board basis for payouts to continue uninterrupted until 2090. The prospect of a 21% cut in benefits isn't something current or future retirees had planned for.